Wednesday, October 14, 2009

Hoopla

For all the hoopla INTC is up.46 cents today - the market up 1.4% nary a downtick. JNJ down again. We have hit the 10k level on the Dow - and people are saying buy me anything, anything. Price is irrelevant b/c in 5 minutes it will be higher, I have to give Bernanke credit due to his printing press the market cant selloff for even 5 minutes - way to go Ben - ill thank you for $7 loaves of bread in a few years.
JPM has done nothing since gapping higher by $1.38. GOOG and GS are kicking bear ass today. What can I say? Should I even suggest that JPM is trading heavy in my opinion. Why wold any one listen to me?? Maybe when I see a sign in a bank window that they will lend you whatever you want to trade from the longside we'll know this manical buying of equities is over. Risk is still a 4 letter word and I sure would like to see the longs get fucked here for a few hours.

JB

No comments:

Post a Comment